Th e companys total assets at year-end FY9 were GBP 3,500 million. Which of the following choices
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Th e company’s total assets at year-end FY9 were GBP 3,500 million. Which of the following choices best describes reasonable conclusions an analyst might make about the company’s effi ciency?
A . Comparing FY14 with FY10, the company’s effi ciency improved, as indicated by a total asset turnover ratio of 0.86 compared with 0.64.
B . Comparing FY14 with FY10, the company’s effi ciency deteriorated, as indicated by its current ratio.
C . Comparing FY14 with FY10, the company’s effi ciency deteriorated due to asset growth faster than turnover revenue growth.
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Related Book For 
International Financial Statement Analysis
ISBN: 9781118999479
3rd Edition
Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie
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